Stevie Recently Received 1,080 Shares of Restricted Stock from Her

question 59

Multiple Choice

Stevie recently received 1,080 shares of restricted stock from her employer, Nicks Corporation, when the share price was $9 per share. Stevie's restricted shares vested three years later when the market price was $12. Stevie held the shares for a little more than a year and sold them when the market price was $15. Assuming Stevie made a section 83(b) election, what is the amount of Stevie's ordinary income with respect to the restricted stock?

• A)$0
• B)$3,240
• C)$9,720
• D)$12,960

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Definitions:

Language Differences

Variations in the structure, use, or cognitive processing of language that exist among individuals, groups, or populations.

Speech

The ability to express thoughts and feelings through vocalized language, a fundamental aspect of human communication and interaction.

Language Development

The process by which individuals acquire the capacity to perceive, produce, and use words to understand and communicate.

Grammatical Development

The process by which individuals learn the rules and structures of language, including syntax and morphology.